The Silver pump was probably a false flag orchestrated by Wall Street whales to move money away from GME. It worked. Remember folks, JP Morgan and the like can print as many naked shorts as needed so they can keep going short all the way up and then win on the way down. It's the long term play that they can't deal with. Gold and Silver are long term plays, and they are a fantastic way to take crypto upsides and put them into something that will generally hold the value against inflation without too many black swans waiting in the wings. There is evidence that silver is being held down, and you can check out the outstanding research done by GATA. In fact, JP Morgan was recently fined $1.26 billion for manipulating precious metals, treasury markets, so there is that. Never the less holding crypto gains in real physical assets is still an absolute winning option for many people that just don't want to touch fiat again. They don’t want to trust banks where accounts can be frozen, and inflation can take their savings or banks can fail altogether. Crypto and gold are the perfect exit tools. The perfect way to stick it to the man while also becoming and or staying wealthy.

Bitcoin seems to be trading within a bullish pennant. It wouldn't surprise me if BTC nudged up relatively soon.

What an amazing little bot. It has almost every book. Just type a key word or isbn and it will go get you the ePub . https://t.me/zlibrarybot

Bitcoin was able push past the 48K USD resistance mark to 49K
How bitcoin treats the 48K level now should tell us a fair bit. If bitcoin manages to hold and establish a new support floor at 48K then it could continue it's move up to the 50K phycological bar. The 50K level could be very hard to break through as humans love round numbers. Most will think they are clever and set sell orders just below at 49K - 49,500 to "beat the market" LOL. Never the less these round numbers can be pivot points.

We are seeing many people hedge this bet in bullion at the moment trying to stay in front of people trying to stay in front of the big 50K

Our Silver OTC desk is always more expensive over the weekend to cover any volatility and people are still buying so that is a strong indicator that 50K will continue to be resistance for a few more tests before breaking through.

Welcome to the year of the Bull!

The 12% above are loving it; the 23% wish they bought more gold and silver, and the 65% keep hodling while beating their way through the onslaught of hungry bears.

After a solid bull run markets correct in one of two ways,

1: they correct by price, meaning we see a dump in the price
or
2: they correct by time, meaning the market just moves sideways in a boring tight pendulum for a while.

Now that we have had the dump I'm hoping to see a time based correction just bouncing between 51K and 46K for a couple of weeks. Time based corrections are fun to trade because they are fairly predictable shock wave type patterns.

VAULTORO UPDATES THIS WEEK
🍀 [BUG FIX] History is now sortable by time (SAFARI)
🍀 [Security] Rate Limit API Key Generation
🍀 [BUG FIX] Ethereum Gold Pair Euro Value now displaying in the order book
🍀[BUG FIX] Fixed that orders with 0 quantity are filled with 0 value trades
🍀 [BUG FIX] Cancelled orders now do not create 0 value trades
🍀[VISUAL] Login screen directly appears now. no flashing of nil portfolio if not logged in
🍀[BACKEND] Add /v1/private/orders/{referenceId} endpoint for coinigy
🍀 [BUG FIX] Ethereum order book was not refreshing
🍀 [BUG FIX] Daily Balances did not show Ethereum
🍀[FEATURE RELEASE] Notification boxes can now show detailed posts
🍀 [BACKEND FEATURE RELEASE] Internal Ledger (!) epic for accounting, statements and everything coming up.

We also restructured the entire blog and v-academy to be under the menu LEARN.
There are a heap of interesting articles that you can filter from beginner to advanced. About everything from DEFI, proof of work vs proof of stake and hundreds more.
If you have an idea for an article, please let us know.

Yesterday, Bitcoin pumped above the hourly ascending channel and set a new ATH at 61,500 USD. Now, it looks like BTC is retesting the upper limits and I wouldn't be surprised to see BTC set a new ATH if it manages to bounce. However, if the bears manage to push BTC under 59,500, I think it could retest the 56,000 - 58,000 buck range.

A must read, find out what is happening in the wider markets to make good choices in your niche investments.
https://www.midastouch-consulting.com/precious-metals-analysis-13032021-silver-next-attack-on-the-resistance

Well it tested even lower than I anticipated. Looks like it will bounce between 55 and 60 giving the market time to establish a new normal around here

The volume on Vaultoro direct (our easy OTC desk for bitcoin and gold) went insane this week with millions of euros of gold and silver being purchased. Then bitcoin dipped a solid chunk. Now people are buying back bitcoin. I tip my hat to our users, very switched on traders.

We should start publishing OTC volume because it's a great pointer to when a top or bottom is in.

If you haven't checked out the new Vaultoro direct feature be sure to log in to https://vaultoro.com and check it out.

Sorry have not done these for a while, a lot of features have been released
[Feature] Portfolio now shows balance changes since last login
[Feature] Portfolio has a chart that shows your portfolio value over time
[Feature] Portfolio Page has market insights into different assets (Percentage changes over time)
[Feature] People can reset their own two factor now
[Feature] Ledger is available in history tab for every user
[Feature] New checkboxes before file upload to improve pictures that are uploaded by customers
[Improvement] Removed most limits in OTC Trading
[A lot of Minor bugfixes] with frontend.

Bitcoin managed to trade above 50k but it's still in a bearish trend. there is a solid red Ichimoku Cloud that the bulls need to push past. Lets see what happens.

In testing, a whole lot of new tokens. ;)